$1 in 1840 is equivalent in purchasing power to about $1 in 1841. The dollar had an average inflation rate of 0.00% per year between 1840 and 1841, producing a cumulative price increase of 0.00%. Purchasing power decreased by 0.00% in 1841 compared to 1840. On average, you would have to spend 0.00% more money in 1841 than in 1840 for the same item.

The inflation rate in 1840 was -6.45%. The inflation rate in 1841 was 0.00%. The 1841 inflation rate is lower compared to the average inflation rate of 1.98% per year between 1841 and 2024.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1841 was 8.70. It was 8.70 in the previous year, 1840. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation.

Contents

⌃

Average inflation rate | 0.00% |

Converted amount $1 base | $1 |

Price difference $1 base | $0.00 |

CPI in 1840 | 8.700 |

CPI in 1841 | 8.700 |

Inflation in 1840 | -6.45% |

Inflation in 1841 | 0.00% |

$1 in 1840 | $1 in 1841 |

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1840 would be equivalent to £0.98 in 1841, an absolute change of £-0.02 and a cumulative change of -1.80%.

Compare these numbers to the US's overall absolute change of $0.00 and total percent change of 0.00%.

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes.

This chart shows the average rate of inflation for select CPI categories between 1840 and 1841.

Compare these values to the overall average of 0.00% per year:

Category | Avg Inflation (%) | Total Inflation (%) | $1 in 1840 → 1841 |
---|---|---|---|

Food and beverages | 0.00 | 0.00 | 1.00 |

Housing | 0.00 | 0.00 | 1.00 |

Apparel | 0.00 | 0.00 | 1.00 |

Transportation | 0.00 | 0.00 | 1.00 |

Medical care | 0.00 | 0.00 | 1.00 |

Recreation | 0.00 | 0.00 | 1.00 |

Education and communication | 0.00 | 0.00 | 1.00 |

Other goods and services | 0.00 | 0.00 | 1.00 |

For all these visualizations, it's important to note that not all categories may have been tracked since 1840. This table and charts use the earliest available data for each category.

Our calculations use the following inflation rate formula to calculate the change in value between 1840 and 1841:

CPI in 1841 CPI in 1840

×

1840 USD value

=

1841 USD value

Then plug in historical CPI values. The U.S. CPI was 8.7 in the year 1840 and 8.7 in 1841:

8.78.7

×

$1

=

$1 in 1840 has the same "purchasing power" or "buying power" as $1 in 1841.

To get the total inflation rate for the 1 years between 1840 and 1841, we use the following formula:

CPI in 1841 - CPI in 1840CPI in 1840

×

100

=

Plugging in the values to this equation, we get:

8.7 - 8.78.7

×

100

=

Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Price index data from 1774 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. Price index data from 1634 to 1773 is from the American Antiquarian Society, using British pound equivalents.

You may use the following MLA citation for this page: “Inflation Rate in 1841 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 1 Nov. 2024, https://www.officialdata.org/inflation-rate-in-1841.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.

Average inflation rate | 0.00% |

Converted amount $1 base | $1 |

Price difference $1 base | $0.00 |

CPI in 1840 | 8.700 |

CPI in 1841 | 8.700 |

Inflation in 1840 | -6.45% |

Inflation in 1841 | 0.00% |

$1 in 1840 | $1 in 1841 |